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JunHe Assists Shenzhen Qianhai Fourth Paradigm Data Technology Co., Ltd. in Completing its USD 700 million Series D Funding Round


JunHe recently acted as the exclusive legal counsel to Shenzhen Qianhai Fourth Paradigm Data Technology Co., Ltd. (hereinafter referred to as ”4Paradigm“ or the “Company”), assisting it in completing its USD 7 billion series D funding round (this “Project”). JunHe provided legal services to the Company throughout this transaction. Boyu Capital, Primavera Capital and HOPU Investments led this funding round, followed by other first-tier institutional investors like Sequoia Capital China, Goldman Sachs, CPE, Jinyi Capital and FountainVest Partners. In particular, quite a few strategic investors also participated, such as National Manufacturing Transformation Fund, CDB Capital, China Reform Holdings Corporation Ltd., China JianYin Investment Limited, China Securities, and Haitong Securities Co., Ltd.

4Paradigm is an emerging global leader in enterprise-grade AI, including both platforms and applications. Since its founding six years ago, 4Paradigm has worked with its clients to implement best-in-class AI solutions to business problems and drive digital transformation. 4Paradigm AI is now deployed at clients in virtually every major sector, including finance, retail, manufacturing, energy, healthcare, internet, media, logistics, agriculture and high-tech. During the COVID-19 pandemic, the Company has assisted its customers to maintain business continuity while helping them accelerate the shift to online operations and satisfy the rapidly-changing expectations of their customers.

It took us four months to complete this project. JunHe lawyers participated in multiple rounds of negotiations, communications and coordination with multiple investors with respect to transaction arrangements, agreement texts and completion arrangements. With its rich experience in listing and financing projects, JunHe assisted the Company in completing the contract execution and closing of transactions successfully and will continue to provide legal services to the Company. JunHe has been seamlessly involved with the development of the Company, and this Project is another project for which JunHe provided legal services in financing following the Series A, A+, B, B+, and C funding rounds.

The leading partner was Mr. JIANG, Wenjun (Kelvin).

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.